20
20
tv
eye 20
favorite 0
quote 0
i think that's compelling and at the same time you have a guy like ben bernanke he. you know still printing money yeah and still running a very loose monetary policy and traditionally that kind of monetary policy has been friendly to hard assets like houses probably the hard assets like gold buffett in his most recent annual statement annual letter said that exact thing it with respect to houses that you are in an environment where dollars will lose value and you want to do things to protect to protect your wealth and he would buy two hundred thousand houses if he could. curiously he has no interest in gold but but he sees the same the same picture in a lot of people to two i like air because he's hedging between crony capitalism and also to some of the flipside of that thing you're looking at i also thought it was interesting that you said that this was the reverse but on the bond market and also a bad begets inflation i really appreciate you being on the show and helping us navigate this crony capitalist world which we can both criticize but also to figure out how
i think that's compelling and at the same time you have a guy like ben bernanke he. you know still printing money yeah and still running a very loose monetary policy and traditionally that kind of monetary policy has been friendly to hard assets like houses probably the hard assets like gold buffett in his most recent annual statement annual letter said that exact thing it with respect to houses that you are in an environment where dollars will lose value and you want to do things to protect to...
302
302
Mar 14, 2012
03/12
by
CNN
tv
eye 302
favorite 0
quote 0
this man, ben bernanke, says he expects moderate growth in the u.s. economy to continue in the months ahead. he's again though steered clear of announcing a third round of kwaun at this timetive easing. he says the fed's benchmark lending rate will stay near zero percent until the end of 2013. his prudence is paying off in other areas as well. you remember that he asked all major american lenders to prove that they could withstand a severe downturn, and of the 19 banks that underwent the so called stress tests, 15 passed muster. that's one more reason for investors to be cheerful, nina, this wednesday. >>> yes. slightly better than the european banking stress test that we saw released four or five months ago. here in europe stock markets have just opened. they're really taking heart from a number of things that ben bernanke was saying but also let's remember that some of these gains are being cautioned by an ongoing rise in the price of oil. let's take a look at the ftse 100. the u.k.'s finance minister is saying that he's moving potentially 100 year
this man, ben bernanke, says he expects moderate growth in the u.s. economy to continue in the months ahead. he's again though steered clear of announcing a third round of kwaun at this timetive easing. he says the fed's benchmark lending rate will stay near zero percent until the end of 2013. his prudence is paying off in other areas as well. you remember that he asked all major american lenders to prove that they could withstand a severe downturn, and of the 19 banks that underwent the so...
15
15
tv
eye 15
favorite 0
quote 0
as you heard me say federal reserve chairman ben bernanke he began his college lecture series today he spoke to undergraduate students at george washington university right here in d.c. becoming the first fed chairman ever to help teach a college course now eighty students apply wrote as they really wanted to be a part of this to become indoctrinated and why the federal reserve is important i would argue let's highlight a few of his powerpoint lessons since we listened and watched his lecture attentively so here's where he's talking about the fed being the lender of last resort he says the qualities there are that they lend freely against good assets at o'connel too great to discourage excessive use honey ok so that's what he told those students that's funny though because we thought the federal reserve has done and you think but lend against good collateral in recent years you know traditionally the fed has accepted only the highest quality collateral in return for a loan the prime example of u.s. treasuries during the two thousand and eight crisis however the fed post-crisis was will
as you heard me say federal reserve chairman ben bernanke he began his college lecture series today he spoke to undergraduate students at george washington university right here in d.c. becoming the first fed chairman ever to help teach a college course now eighty students apply wrote as they really wanted to be a part of this to become indoctrinated and why the federal reserve is important i would argue let's highlight a few of his powerpoint lessons since we listened and watched his lecture...
441
441
tv
eye 441
favorite 0
quote 0
this really, nina, you know a pickup on the bernanke comments. it's always about what the leaders of the fed don't say. people in asia preoccupied with what's happening in the u.s. economy, even though you have greece on the back burner, for them to think about what's happening with the u.s. economy and getting concrete data has been a lbit of an issue. numbers on the china side wasn't enough to tame the losses, but at least shanghai and the nikkei 225 down more or less a fraction with muted losses there. >>> manisha the crippled cruise liner costa ag leg gra has docked safely in the seychelles. it was towed to a port after being stranded at sea. more than 1,000 people on board were forced to endure three days without power. that was after a fire broke out in the ship's engine room. the costa allegra is operated by the same cruise line that ran the costa concordia which ran aground off the coast of italy in january. that incident killed at least 21 people. >>> now that the costa allegra has docked, we understand passengers and crew will be put on
this really, nina, you know a pickup on the bernanke comments. it's always about what the leaders of the fed don't say. people in asia preoccupied with what's happening in the u.s. economy, even though you have greece on the back burner, for them to think about what's happening with the u.s. economy and getting concrete data has been a lbit of an issue. numbers on the china side wasn't enough to tame the losses, but at least shanghai and the nikkei 225 down more or less a fraction with muted...
26
26
tv
eye 26
favorite 0
quote 0
bonzai news exclusive pilot goes bird watching jim cramer there and pressing the print button is ben bernanke you of course and he is in charge of our global economy i thought it was a good analogy to compare this to the jet blue pilot that went a little bit bizarre on the flight to las vegas yes well what happened he burst out of the cockpit running down the aisle they did look in first peanuts well max passengers subdue screaming jet blue captain as mid-air rant diverts flight a jet blue flight captain had to be tackled by passengers today after you ran up and down a path flight screaming about terrorism and al qaeda and a terrifying mid-air outburst he was shouting say your prayers but it is very similar to how the guy in charge of our global financial monetary system is doing the same thing and yet the passengers are not tackling the captain as it were but they're sitting there calmly as if the plane isn't out of control you know if it is the pilot of the american economy then he's not reading the instruments very well that informed him about what the economy is doing the gauge there this
bonzai news exclusive pilot goes bird watching jim cramer there and pressing the print button is ben bernanke you of course and he is in charge of our global economy i thought it was a good analogy to compare this to the jet blue pilot that went a little bit bizarre on the flight to las vegas yes well what happened he burst out of the cockpit running down the aisle they did look in first peanuts well max passengers subdue screaming jet blue captain as mid-air rant diverts flight a jet blue...
137
137
Mar 1, 2012
03/12
by
MSNBCW
tv
eye 137
favorite 0
quote 0
ben bernanke is warning the country is headed off a fiscal cliff. we'll dig into what he meant by that. >>> and we'll wake you up with a little lithuanian stage jiving. with fans like these, who needs enemies. the seas part for a russian rock star later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. breaking news out of afghanistan where two nato troops have been shot dead by a pair of gunmen, one of whom is believed to be an afghan soldier. if confirmed it would be the latest example of a militant impostor killing the nato coalition this follows a period of heightened violence in the region after koran burning at a military base. we'll have more details on this story that is just breaking now as they come in throughout the morning. >>> turning to politics. he may have taken second place in tuesday's primary in the popular vote, but rick santorum is arguing he is the real winner michigan. he is pointing out to his hall of delegates as a sign that this campaign is in good shape heading into super tuesday. the final brea
ben bernanke is warning the country is headed off a fiscal cliff. we'll dig into what he meant by that. >>> and we'll wake you up with a little lithuanian stage jiving. with fans like these, who needs enemies. the seas part for a russian rock star later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. breaking news out of afghanistan where two nato troops have been shot dead by a pair of gunmen, one of whom is believed to be an afghan soldier. if confirmed...
108
108
Mar 21, 2012
03/12
by
CSPAN3
tv
eye 108
favorite 0
quote 0
bernanke. and 15 of our largest banks examined have sufficient capital to withstand a crisis, according to this test. and by calculation, that is roughly 78% of all the banks tested. and i would call this overall positive news, although our banks do need to be -- do more. would you agree? >> yes. there's been a very substantial increase in capital and ability to withstand stress. >> i have a specific question that pertains to the european situation. what should we be doing here at home in order to ensure that american banks stay well positioned to manage their exposure to europe and the european financial situation? >> well, as supervisors, the first thing we look at is capital. the capital situation is much improved. the stress tests mimic, to some extent, an intensification of the european crisis on the united states. beyond that, though, we are looking more specifically at the exposures they have, how they're managing those exposures. we talked about credit defaults and other kinds of insura
bernanke. and 15 of our largest banks examined have sufficient capital to withstand a crisis, according to this test. and by calculation, that is roughly 78% of all the banks tested. and i would call this overall positive news, although our banks do need to be -- do more. would you agree? >> yes. there's been a very substantial increase in capital and ability to withstand stress. >> i have a specific question that pertains to the european situation. what should we be doing here at...
221
221
Mar 1, 2012
03/12
by
CNBC
tv
eye 221
favorite 0
quote 0
ben bernanke a lot of people took away from what he said or didn't say -- >> who? >> bernanke. i like to say ber-nak-ee, in chicago. i saw the rickster alluded to it yesterday by the finger. we had 35,000 combed through and it was a misclick, not a fat finger. as the viewers know as the contracts and the treasuries roll from the march to the june it was an inadvertent misclick of a spread into the futures and that set off a death charge into the market and brought the precious metal complex down to the fourth worst loss ever. >> so today, do you expect any repeat or this was simply a fat finger trade that affected and threw things off, this was not bernanke talking about the economy, maybe looking a little better and the need for qe3 getting pushed further down the line? >> well i'm in the camp it was an al gogorythmic move. we would have seen the ten-year note move 30 to 40 basis points, not eight or nine. i think yesterday was an anomaly. >> jobless claims coming out at 8:30 this morning. jeff if that number is around 351, no huge surprise but what happens if the number is cl
ben bernanke a lot of people took away from what he said or didn't say -- >> who? >> bernanke. i like to say ber-nak-ee, in chicago. i saw the rickster alluded to it yesterday by the finger. we had 35,000 combed through and it was a misclick, not a fat finger. as the viewers know as the contracts and the treasuries roll from the march to the june it was an inadvertent misclick of a spread into the futures and that set off a death charge into the market and brought the precious metal...
65
65
Mar 20, 2012
03/12
by
CNBC
tv
eye 65
favorite 0
quote 0
today is the first of four classes bernanke will lead on the fed and its role in today's economy. here's the breaking news exclusive. >> how are you? >> steve, how are you doing? >> good. can i ask you a couple questions? >> sure. >> how does it feel to be back at school? >> awesome. awesome. you know, i was a professor for 23 years. >> yeah. >> and i love talking to students and it's a great chance for me. >> do you prefer asking questions of journalists than senators? do you prefer students to journalists and senators? >> sometimes i think i might, yeah. >> tell us why a fed chairman would come and teach a course at a university as a way of communicating. >> well, to be honest, i started off doing this just for my own interest, really, because i haven't taught for a while. i really enjoy talking to college students. i frequently have college students at the fed. it's fun to engage with them. but it looks like it's going to be a good educational opportunity, you know, with george washington setting up the course as they have and with all the technology, you know, that allows us t
today is the first of four classes bernanke will lead on the fed and its role in today's economy. here's the breaking news exclusive. >> how are you? >> steve, how are you doing? >> good. can i ask you a couple questions? >> sure. >> how does it feel to be back at school? >> awesome. awesome. you know, i was a professor for 23 years. >> yeah. >> and i love talking to students and it's a great chance for me. >> do you prefer asking questions...
97
97
Mar 27, 2012
03/12
by
KQED
tv
eye 97
favorite 0
quote 0
. >> tom: on wall street: the bernanke effect. stocks soar as the chairman of the federal reserve signals he thinks interest rates should stay at historic low levels to help the job market. it's "nightly business report" for monday, march 26. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. a legal showdown today for president obama's healthcare reform law. the supreme court began the first of three days of historic hearings on the controversial law. tom, this case is getting incredible attention all across the country. >> tom: a key issue before the court, susie, is whether congress has the right under the constitution to require all americans to buy health insurance, whether they want it or not. almost 50 million americans do not have health insurance and 26 states are challenging the law's requirement. in today's opening arguments, lawyers made a case the insurance mandate doesn't take effect until 201
. >> tom: on wall street: the bernanke effect. stocks soar as the chairman of the federal reserve signals he thinks interest rates should stay at historic low levels to help the job market. it's "nightly business report" for monday, march 26. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. a legal showdown today for president...
78
78
Mar 15, 2012
03/12
by
CSPAN3
tv
eye 78
favorite 0
quote 0
. >> thank you, chairman bernanke. chairman bernanke, the biggest driver of the every-increasing deficits this nation faces is the run-away growth and all of our major entitlement programs, medicare, medicaid and social security. you have repeatedly stressed that the united states needs to return the federal government to a sound, fiscal footing over the long term. yet, the administration's 2013 fiscal budget does nothing to reform these programs and rein is the costs. we addressed it with cuts in the budget and sequestration. if we fail to reform the major entitlement programs, what will be some of the consequences and if we do make major long-term structural changes, our entitlement programs, do you see immediate or short-term benefits? >> yes, mr. chairman. thank you. i've often, as you noted, talked about the importance of establishing long-run fiscal sustainability in the united states. if you take a look at the congressional budget offices report that recently came out, what you see is that under current law, whi
. >> thank you, chairman bernanke. chairman bernanke, the biggest driver of the every-increasing deficits this nation faces is the run-away growth and all of our major entitlement programs, medicare, medicaid and social security. you have repeatedly stressed that the united states needs to return the federal government to a sound, fiscal footing over the long term. yet, the administration's 2013 fiscal budget does nothing to reform these programs and rein is the costs. we addressed it...
110
110
Mar 1, 2012
03/12
by
CSPAN3
tv
eye 110
favorite 0
quote 0
stocks closing in the red today as bernanke dashing hopes. ben bernanke did say the job market is still far from normal. this part of his semi-annual report. more in a moment. in an apparent breakthrough in stalled negotiations, north korea today has agreed to suspend his uranium enrichment and nuclear testing. the announcement coming today here in washington by the obama administration. the simultaneous announcements in pyongyang and washington pointing towards an easing of nuclear tensions under kim jong-un. it also could clear the way for multinational disarmament aid for food assistance to north korea. the court also opens the way for nngss after a year when north korea's program goes unmonitored. and this reaction from secretary of state hillary clinton who called it a modest first step. here in washington on capitol hill, john boehner making a rare appearance on the floor today urging passage of a bill aimed at reestablishing water access for krlz residents and farmers that had been blocked by the mrgs. the president sitting down with t
stocks closing in the red today as bernanke dashing hopes. ben bernanke did say the job market is still far from normal. this part of his semi-annual report. more in a moment. in an apparent breakthrough in stalled negotiations, north korea today has agreed to suspend his uranium enrichment and nuclear testing. the announcement coming today here in washington by the obama administration. the simultaneous announcements in pyongyang and washington pointing towards an easing of nuclear tensions...
91
91
Mar 26, 2012
03/12
by
CNBC
tv
eye 91
favorite 0
quote 0
bernanke's speech. he's not ready to abandon his easy money policy despite an improving jobs picture. kelly evans has the fallout. >> the fed chief certainly seemed to leave the option open saying more stimulus to boost the economy may be need today keep the unemployment rate from staying permanently high in something that's known as historysis. >> further significant improves will require more rapid production and demand from consumers and businesses, a process that can be supported by continued accommodative policies. >> continued accommodative policies. the question is just what form they might take. another round of buying treasuri treasuries? could it be mortgage backed securities this time? expect more details at the fed's april meeting if not sooner. by the way, stocks may be up but it's hardly encouraging that four years after the financial crisis this market still can't seem to stand on its own. >> tyler. >> kelly, thank you very much. you know, bob pisani said he didn't like it when numbers we
bernanke's speech. he's not ready to abandon his easy money policy despite an improving jobs picture. kelly evans has the fallout. >> the fed chief certainly seemed to leave the option open saying more stimulus to boost the economy may be need today keep the unemployment rate from staying permanently high in something that's known as historysis. >> further significant improves will require more rapid production and demand from consumers and businesses, a process that can be...
99
99
Mar 21, 2012
03/12
by
CSPAN3
tv
eye 99
favorite 0
quote 0
we are so proud of you and thank you, chairman bernanke. i would like to follow up on my good friend's questioning. if we had not invested -- he uses the term bailout, but if we had not invested in the american auto industry, we would have totally lost it. lost it! i don't know about my colleagues on the other side of the aisle, but it's hard for me to imagine an america that doesn't make its own cars. i would prefer to see more things made in america with american jobs. and it was at a hearing at this committee where gm testified they're now the in
we are so proud of you and thank you, chairman bernanke. i would like to follow up on my good friend's questioning. if we had not invested -- he uses the term bailout, but if we had not invested in the american auto industry, we would have totally lost it. lost it! i don't know about my colleagues on the other side of the aisle, but it's hard for me to imagine an america that doesn't make its own cars. i would prefer to see more things made in america with american jobs. and it was at a hearing...
61
61
Mar 21, 2012
03/12
by
CSPAN3
tv
eye 61
favorite 0
quote 0
both federal reserve chairman ben bernanke traensy secretary tim geithner testify. and when that hearing wraps up live coverage of the house budget committee as it begins consideration of the republican's budget proposal for next year. we expect to bring you the house budget markup at about 12:30 p.m. eastern. >>> lawrence lindsay led the white house economic council during the first two years of the george w. bush administration. at the atlantic forum on the economy last week he said neither democrats nor republicans have credible economic plans. he was interviewed by the atlantic's editor and chief. [ applause ] >> there's been a lot of discussion about how difficult the last decade has been in global markets, global economies. we don't need to belabor it. what is your diagnosis of what we have just gone through, the problems that we've been facing? >> well, you know, i think the guilt that we should all have for a little bit of hubris is in order. in my profession, i started talking about how the economy had changed, how we were in a new normal, how, you know, we
both federal reserve chairman ben bernanke traensy secretary tim geithner testify. and when that hearing wraps up live coverage of the house budget committee as it begins consideration of the republican's budget proposal for next year. we expect to bring you the house budget markup at about 12:30 p.m. eastern. >>> lawrence lindsay led the white house economic council during the first two years of the george w. bush administration. at the atlantic forum on the economy last week he said...
127
127
Mar 14, 2012
03/12
by
CSPAN3
tv
eye 127
favorite 0
quote 1
allen, i know that you're not in the bernanke is a hero category. you've been quite critical in things you've written for the "wall street journal" and elsewhere. tell us -- tell us why. >> well, i do think -- and i commend him for responding to the questions which he helped to create by letting lehman fail. at least he responded to it and didn't let it destroy the financial system. so i applaud him for that. now he's doing the administration's fiscal policy. and that's not a good thing for a central bank to do. so the proof of the pudding is going to be whether he's a hero or a goat is going to be whether he is able to get rid of the $2 trillion or $3 trillion that he's put on the balance sheet and shrink it back to $1 trillion. my guess is not without difficulty. and that difficulty has been compounded because now the european central bank is adding fuel to the inflationary fire and the bank of japan has finally decided that it wants to inflate, too. so, you know, when you see all the central banks in the world running -- the countries are running
allen, i know that you're not in the bernanke is a hero category. you've been quite critical in things you've written for the "wall street journal" and elsewhere. tell us -- tell us why. >> well, i do think -- and i commend him for responding to the questions which he helped to create by letting lehman fail. at least he responded to it and didn't let it destroy the financial system. so i applaud him for that. now he's doing the administration's fiscal policy. and that's not a...
78
78
Mar 15, 2012
03/12
by
CSPAN3
tv
eye 78
favorite 0
quote 0
chairman, and welcome, chair man bernanke. it's always a pleasure to hear you because you are eminently sane about all these issues. i have heard from our life insurers and granters and providers of annuities that they're very concerned, as you can imagine, about an interest rate squeeze that may occur in the future. it almost feels predictable in certain respects. how do you recommend that they proceed, that they anticipate the challenges that we're facing because of the way in which we have to have an accommodative monetary policy? >> well, we've had numerous discussions with insurance companies and pension funds and others, and there certainly is a problem in the sense that they're -- under current accounting rules, their obligations to put money in the funds can be greater with lower interest rates. i agree that's a problem and once we've discussed with them. again, going back to my conversation with miss cotter on the other side, we're trying to strengt strengthen the economy that will give them higher returns on their po
chairman, and welcome, chair man bernanke. it's always a pleasure to hear you because you are eminently sane about all these issues. i have heard from our life insurers and granters and providers of annuities that they're very concerned, as you can imagine, about an interest rate squeeze that may occur in the future. it almost feels predictable in certain respects. how do you recommend that they proceed, that they anticipate the challenges that we're facing because of the way in which we have...
82
82
Mar 21, 2012
03/12
by
CSPAN3
tv
eye 82
favorite 0
quote 0
chairman bernanke? and thank you for your service. >> thank you, congresswoman. we made a very strong effort to arrest the crisis. it was a global crisis. we worked with the europeans in order to do that. and i think in relative to the history of financial crisis, given the size of this one, i think we were pretty successful in stopping it. since then, i think the united states has been more aggressive in trying to restrengthen our financial system. i would cite, for example, our 2009 stress tests, which were highly credible. led to our banking system. capital in our largest banks has increased in the last two years by 75%, something in the order of $300 billion. so, we have, i think, taken a lot of positive steps to strengthening our system. there are many aspects of -- including early liquidation. we also have to learn lessons from how we got into the mess in the first place. there were certainly gaps and weaknesses in our regulatory system, mistakes by regulators, including the federal reserve. obviously, lots of problems in business practices, which we're sti
chairman bernanke? and thank you for your service. >> thank you, congresswoman. we made a very strong effort to arrest the crisis. it was a global crisis. we worked with the europeans in order to do that. and i think in relative to the history of financial crisis, given the size of this one, i think we were pretty successful in stopping it. since then, i think the united states has been more aggressive in trying to restrengthen our financial system. i would cite, for example, our 2009...
191
191
Mar 28, 2012
03/12
by
CNBC
tv
eye 191
favorite 0
quote 0
., ben bernanke stays on the message. the fed chair says while conditions are improving, it's still too early to declare the economic recovery a complete success. >>> and he says markets should not bet against the war but warns that the crisis may not be over. >> nobody really knows, but in the past so many times we thought that the worst of the crisis was over, and then new waves of instability came in. so i think it's no time for complacency and we have to prepare for the worst. >>> more on the exclusive interview to come on today's program. also we're going to have this. what does the bank plan to do? we'll hear from the ceo. >>> u.s. supreme court wraps up three days of hearing whether the obama health care plan is constitutional. >>> and it may take six months to contain gas leak. what is the prognosis in terms of its energy stock price. >>> before all that, let's see where we're at. christine? >> guess what? a little bit of consolidation in the process. a lot of investors taking a little bit of a breezer. nikkei is
., ben bernanke stays on the message. the fed chair says while conditions are improving, it's still too early to declare the economic recovery a complete success. >>> and he says markets should not bet against the war but warns that the crisis may not be over. >> nobody really knows, but in the past so many times we thought that the worst of the crisis was over, and then new waves of instability came in. so i think it's no time for complacency and we have to prepare for the...
197
197
Mar 2, 2012
03/12
by
CNBC
tv
eye 197
favorite 0
quote 0
bernanke sounded somewhat gloomy about the did your ability of the economy. he seemed to play up the risks. now, i want to ask you today we got some blockbuster numbers. car sales up 15.1 million in february, a blowout number. chain stores from retailers up almost 7% year on year. so what is it, up or down? >> well, i think what ben is saying is don't pop the champagne corks quite yet. it depends what you look at. we've had some weaker numbers that have come out recently, some of the recent consumption numbers overall haven't been that strong, the durable good numbers, firm inventment not that strong, labor market numbers have been pretty strong. i think it's uncertain and i think that's the message that ben's been giving for a while. we're not quite sure whether the economy is going to sustain itself. >> all right. so he defended heartily his zero interest rate policy out through 2014. he defended it heartily. people on wall street are saying, i'm not sure where they get this, that qe3 is off the table. >> the market reaction is so kwong they thought qe3 wou
bernanke sounded somewhat gloomy about the did your ability of the economy. he seemed to play up the risks. now, i want to ask you today we got some blockbuster numbers. car sales up 15.1 million in february, a blowout number. chain stores from retailers up almost 7% year on year. so what is it, up or down? >> well, i think what ben is saying is don't pop the champagne corks quite yet. it depends what you look at. we've had some weaker numbers that have come out recently, some of the...
20
20
tv
eye 20
favorite 0
quote 0
they've decided to take on twitter with the name at federal reserve and ben bernanke he is so himself going to be hosting online lectures with the hope of indoctrinating the college crowd into his line of thinking so of course we just couldn't help but imagine what the fed social outreach would look like and in a low to show dream world of other government accounts are any indication i think reality might actually prove to be better than we can even imagine it but only time will tell so in the meantime this is how we imagine the federal reserve's presence on twitter and obviously if the federal reserve longs to see relatable they're going to have to come up with a cool abby for bernanke e but the threat is new at this you would obviously be a few months behind trying to ride the playing weight and like anybody just getting their feet wet with twitter the fed is sure to be obsessed with hashtags like this tweet for example make it fame is hash tag q e twenty two well if you've got to get a little colored boy you still can or maybe would get little updates about printing things and list
they've decided to take on twitter with the name at federal reserve and ben bernanke he is so himself going to be hosting online lectures with the hope of indoctrinating the college crowd into his line of thinking so of course we just couldn't help but imagine what the fed social outreach would look like and in a low to show dream world of other government accounts are any indication i think reality might actually prove to be better than we can even imagine it but only time will tell so in the...
173
173
Mar 27, 2012
03/12
by
CNBC
tv
eye 173
favorite 0
quote 0
and you mentioned about bernanke's comments. even though it appears interest rates will be lower here for quite some time, there is always still a threat, do they change course, do they reverse and do they have a significant change in interest rate policy, will that go up much quicker than we all expect. it doesn't their that that will be hear that's the case, but these are all concerns going forward. >> james bullard made comments in asia about a myriad of things, but one of which was the monetary policy, different actions that the fed has been taking. and he note that had operation twist has had modest success. do you agree and what do you think is the potential for qe-3? >> it's quite certain that bullard is behind bernanke regardless of how much he wants to put away quantitative easing. i do glae it is going to be a situation wheric it's going to be one of the last resort type scenarios. the mere fact that bernanke addressed the concerns about the lack of growth especially in terms of hiring and consumer spending just gives
and you mentioned about bernanke's comments. even though it appears interest rates will be lower here for quite some time, there is always still a threat, do they change course, do they reverse and do they have a significant change in interest rate policy, will that go up much quicker than we all expect. it doesn't their that that will be hear that's the case, but these are all concerns going forward. >> james bullard made comments in asia about a myriad of things, but one of which was...
148
148
Mar 26, 2012
03/12
by
CNBC
tv
eye 148
favorite 0
quote 0
ben bernanke hasn't said anything. the min the guy starts talking, the dollar starts to tick down, down, down, down. by the end of the day, the dollar was down .62% and everyone is running around cheering on some of the lowest volume numbers you eve ever seen saying everyone is fine again. obama gets it. if the dollar is down and the market is up, his approval ratings go up. sadly, that's where we are. >> sadly, that's where we are. all right, take a whack at the bernanke story and, please, i don't want you to whack too hard. why do health care stocks as the supreme court is hearing this landmark case about obama care. health care stocks had a big rally. now, what do they know that the rest of the world, including the supreme court justice don't yet know? >> i know, that's the interesting thing as you look at the ten sectors. it was the leader of the pack today. interestingly, we really don't learn anything until tomorrow, necessarily. you know, an interesting trade there. but obviously, a sector that certainly hasn't
ben bernanke hasn't said anything. the min the guy starts talking, the dollar starts to tick down, down, down, down. by the end of the day, the dollar was down .62% and everyone is running around cheering on some of the lowest volume numbers you eve ever seen saying everyone is fine again. obama gets it. if the dollar is down and the market is up, his approval ratings go up. sadly, that's where we are. >> sadly, that's where we are. all right, take a whack at the bernanke story and,...
54
54
Mar 5, 2012
03/12
by
CSPAN2
tv
eye 54
favorite 0
quote 0
welcome, chairman bernanke. dr. ben bernanke is currently serving his second term as chairman of the board of governors of the federal reserve system. his first term began under president bush in 2006. dr. bernanke was chairman of the council of economic advisers during the bush administration from june 2005 to january 2006. prior, dr. bernanke served as a member of the board of governors of the federal reserve system from 2002 to 2005. chairman bernanke, please, begin your testimony. >> thank you. chairman johnson, ranking member shelby and other members of the committee, i'm pleased to present the federal reserve's semiannual monetary policy report to the congress. i'll begin with a discussion of current economic conditions and the outlook and then turn to monetary policy. the recovery of the u.s. economy continues, but the pace of the expansion has been uneven and modest by historical standards. after minimal gains in the first half of last year, real gdp increased as a two and a quarter percent annual rate in th
welcome, chairman bernanke. dr. ben bernanke is currently serving his second term as chairman of the board of governors of the federal reserve system. his first term began under president bush in 2006. dr. bernanke was chairman of the council of economic advisers during the bush administration from june 2005 to january 2006. prior, dr. bernanke served as a member of the board of governors of the federal reserve system from 2002 to 2005. chairman bernanke, please, begin your testimony. >>...
133
133
Mar 27, 2012
03/12
by
CNBC
tv
eye 133
favorite 0
quote 0
yesterday's huge rally reported by bernanke. you would think if bernanke would talk again tomorrow say same thing again, we would get another big move. that's not true. the suckers who believe the fed-to-market relationship are the sap dopes that said oil would go down if the dollar was strong or another false positives that don't play anywhere except in the media. the fed is bogus, what drove things? market mechanics. even after today's lackluster session, many managers are underinvested or didn't beat benchmarks. they knew they would be more invested to be done. they move up the own stocks and move the individual performance. and illegal to mark up stocks and the last day of trading. yesterday, gave you safe harbor to move up own stocks. yes, this does happen. sure, big firms with dopey execs that say i listened to ben bernanke today even though he repeated exactly what he said before, i think we ought to take his word as opposed to the other times. that's what media would have you believe. far more money managers are saying t
yesterday's huge rally reported by bernanke. you would think if bernanke would talk again tomorrow say same thing again, we would get another big move. that's not true. the suckers who believe the fed-to-market relationship are the sap dopes that said oil would go down if the dollar was strong or another false positives that don't play anywhere except in the media. the fed is bogus, what drove things? market mechanics. even after today's lackluster session, many managers are underinvested or...
76
76
Mar 13, 2012
03/12
by
CNBC
tv
eye 76
favorite 0
quote 0
are you saying bernanke -- nobody believes that bernanke can do it? i'm not understanding what you're saying. >> if you go through the 2008, 2010, 2011 tops in the s&p 500 which are march to april, every time you've been burned chasing this concept of an economic recovery. growth completely came unglued last year. now it's unglued in the eastern side of the world. what the market's doing is starting to pay a premium to brian's point on the vix as you move out the curve. people don't fundamentally trust this rally. >> do you believe that the u.s. economy is in recovery? >> no. i think u.s. gdp growth could get cut in half. that we use in the fourth quarter. gdp could be 1.5%. >> what. we're the dog with the least fleas? >> great. >> so you're going to own treasuries? >> like me for myself having not blown up in '08, '10, '11, what i like to do is raise cash. i don't believe in having to chase yield, having to target a return. i think it's crazy. >> all right. >>> next on "fast money" kwb is the tides about to turn in the treasury trade? this has been g
are you saying bernanke -- nobody believes that bernanke can do it? i'm not understanding what you're saying. >> if you go through the 2008, 2010, 2011 tops in the s&p 500 which are march to april, every time you've been burned chasing this concept of an economic recovery. growth completely came unglued last year. now it's unglued in the eastern side of the world. what the market's doing is starting to pay a premium to brian's point on the vix as you move out the curve. people don't...
245
245
Mar 27, 2012
03/12
by
CNBC
tv
eye 245
favorite 0
quote 0
but now bernanke says he doesn't believe the data, that it's temporary. but i think about if you continue to see those strong numbers coming in, there has to be a point that breaks him. >> i just hope this is not about him. i hope there comes a time where he decides i can take a step back and not be in the paper every day and saving the economy every day and fine tuning everything every day. i'm just going to let this for a year, i'm going to let the economy do what it needs to do. >> and if he said nothing and did nothing, what do you think would happen? >> i think we can get along with just letting things fall where they -- chips fall where they may. >> bring them back up? >> where the fortunes of the country and the world are not on ben bernanke's shoulders at all times. >> that means he has to raise rates. >> if you had delusions of grandeur, it would be good to be the fed chairman about that. >> you're saying the fed chairman is not somebody who has that much control over it? >> no, i think he is, but i don't want him to just think that he has to --
but now bernanke says he doesn't believe the data, that it's temporary. but i think about if you continue to see those strong numbers coming in, there has to be a point that breaks him. >> i just hope this is not about him. i hope there comes a time where he decides i can take a step back and not be in the paper every day and saving the economy every day and fine tuning everything every day. i'm just going to let this for a year, i'm going to let the economy do what it needs to do....
208
208
Mar 1, 2012
03/12
by
CNBC
tv
eye 208
favorite 0
quote 0
meanwhile, bernanke's been making a couple of headlines. expect short-term rates to be low in his words for quote a good bit more time and wants banks to be aware of higher interest rates when they do come. >> if you said 2015 -- so i don't know what the phrase short-term. we already indicated from them they expect to keep rates low through 2014. simon was headlining the fact that yields collapsed, wu here's the one that really caught my eye. the italian ten-year, when it was over 7%. right here. look at this. we're at the holy grail right now. we're below 5%. everybody said good heavens, if we could only get it below, the italians would finance themselves, thipgs would be a lot better. do you sell the trade? with the yields this low now, is this really an indication of some kind of top in the market? i don't know, but it's a very important point that we pass that. i'll tell you something that bugs me a little bit, guys, about today. about a stock market. put up what i'm seeing because what we've got here is major indices at new highs. more
meanwhile, bernanke's been making a couple of headlines. expect short-term rates to be low in his words for quote a good bit more time and wants banks to be aware of higher interest rates when they do come. >> if you said 2015 -- so i don't know what the phrase short-term. we already indicated from them they expect to keep rates low through 2014. simon was headlining the fact that yields collapsed, wu here's the one that really caught my eye. the italian ten-year, when it was over 7%....
76
76
Mar 15, 2012
03/12
by
CNBC
tv
eye 76
favorite 0
quote 0
i think bernanke is a political operator. one of the few thinks the republican candidates have a i freed on is that they're all so critical of qe. do you think that is hurdle? >> i have said it over and over again and he keeps acting like he doesn't give a damn. >> can you be more specific? >> i took province on my dollar longs. i've been a buyer of the dollar. i'm betting that bernanke will have to refrain. i agree with you. i think he wants to give qe for a hangnail. i think he's political enough to refrin from doing that unless things get truly painful. if he stands to the side, the dollar has a lot more room to rally. >> i couldn't agree with you more. but i think that bernanke will change it. >>> brian joins us to break down the pros and cons of the deal. this is like back to the future for cisco. here they go doing the deals again. >> it is. it's a complimentary deal for the company. the kind we like to see. something that fits and what they're already doing, not something off into the weeds. >> what does it tell you ab
i think bernanke is a political operator. one of the few thinks the republican candidates have a i freed on is that they're all so critical of qe. do you think that is hurdle? >> i have said it over and over again and he keeps acting like he doesn't give a damn. >> can you be more specific? >> i took province on my dollar longs. i've been a buyer of the dollar. i'm betting that bernanke will have to refrain. i agree with you. i think he wants to give qe for a hangnail. i think...
117
117
Mar 21, 2012
03/12
by
CSPAN3
tv
eye 117
favorite 0
quote 0
chairman bernanke. >> thank you, chairman issa and ranking member cummings. as you know for about two years, developments in europe have had an important influence on global financial markets and the global economy. high debts, large deficits and poor growth prospectes the led to big increases in borrowing costs, first for greece but subsequently for other countries, as well. and pescy mix about countries fiscal and economic situations has undermined confidence in the strength of european financial institutions. this has had an impact on the u.s. economy. the european union accounts for about one-fifth of u.s. exports of goods and services and we have seen those exports underperform and, of course, europe also affects the rest of the world. financial strains have been evident during times when financial conditions in europe were at their most turbulent. we saw a global retreat from riskier assets. notice united states those risks increases the cost of issuing corporate debt and affected consumer and business confidence. we've also seen our own financial insti
chairman bernanke. >> thank you, chairman issa and ranking member cummings. as you know for about two years, developments in europe have had an important influence on global financial markets and the global economy. high debts, large deficits and poor growth prospectes the led to big increases in borrowing costs, first for greece but subsequently for other countries, as well. and pescy mix about countries fiscal and economic situations has undermined confidence in the strength of european...
192
192
Mar 3, 2012
03/12
by
CNBC
tv
eye 192
favorite 0
quote 0
this is bernanke's fiscal cliff. this was an important warning, but i don't know if anybody is paying attention to it, and i'm not sure congress has a plan for it. >> let's answer your question a little more directly. he was not speaking about the bush tax cuts. he was speaking about sequestration. i think sequestration will never occur for the following reasons. >> no, he was talking about both. >> i think -- >> he has talked about the rolling back all the bush tax cuts and the super committee's cut of $1 trillion. >> 1.2 sequestration. i don't think it's going to happen for the following reason. you look at 1985 1k3 1991, the last time we had these big budget deals. you had strong enforcement provisions. you don't have any enforcement provision in the sequestration deal. it's very easy for congress with one line to just wipe it off, which i think it should do. i think it's -- i think it's a good idea if it doesn't do sequestration. i'm not even crazy about repeeling the bush tax cuts, as i told you before, until we
this is bernanke's fiscal cliff. this was an important warning, but i don't know if anybody is paying attention to it, and i'm not sure congress has a plan for it. >> let's answer your question a little more directly. he was not speaking about the bush tax cuts. he was speaking about sequestration. i think sequestration will never occur for the following reasons. >> no, he was talking about both. >> i think -- >> he has talked about the rolling back all the bush tax cuts...
143
143
Mar 20, 2012
03/12
by
CSPAN3
tv
eye 143
favorite 0
quote 0
bernanke to increase the fed's engagement with the general public. he appeared twice on "60 minutes." he's held town hall meetings with college students and he's held regular news conferences which we carry here on the c-span networks. this is "washington today" on c-span radio. et
bernanke to increase the fed's engagement with the general public. he appeared twice on "60 minutes." he's held town hall meetings with college students and he's held regular news conferences which we carry here on the c-span networks. this is "washington today" on c-span radio. et
157
157
Mar 27, 2012
03/12
by
CNBC
tv
eye 157
favorite 0
quote 0
ben bernanke. you've said come april they're going to add more liquidity. maybe another qe strategy coming our way, and it could take the form of buying up more mortgage-backed securities, right? >> i think so, bill. you know, the job of a central banker as alan greenspan told us here at pimco several months ago is to be seen as constantly in motion during periods of financial stress, which is what we have now. there were periods following qe1 and qe2 and ben bernanke applied the brakes. he doesn't want to make that same mistake again and morph the u.s. economy into one resembling the lost decade in japan. you know, since there's no fed meeting in may and twist expires at the end of june, i think the april meeting, which is obviously next month, is a lock call time for pretty strong hints. >> looking at some of these higher yielding picks you increased your securities from 38% to 52% in february. is that a bet on improving housing market or more quantitative easing. and on the equities, the high-yielding equities, let me ask you, do you worry that the perfo
ben bernanke. you've said come april they're going to add more liquidity. maybe another qe strategy coming our way, and it could take the form of buying up more mortgage-backed securities, right? >> i think so, bill. you know, the job of a central banker as alan greenspan told us here at pimco several months ago is to be seen as constantly in motion during periods of financial stress, which is what we have now. there were periods following qe1 and qe2 and ben bernanke applied the brakes....
314
314
Mar 2, 2012
03/12
by
CNBC
tv
eye 314
favorite 0
quote 0
>> frankly, for me, i think the market has overreacted to the bernanke statement. i think basically he left the door open to go either way. he still has left the door open for quantitative easing. i don't think he wants to do it, because that means the economy is slowing. but within total return bond strategy, we think we can do better going overseas and buying bonds, say, in brazil. here you can get yields of 10%. i think that's a much more attractive option than worrying about what ben bernanke is going to do. >> you own the brazilian bonds there and you're saying the 10% yield? that's very attractive. >> yes. i mean, you can capture better yields in a better environment. mexico's got yields of about 7.5% for the bonds that we own. you can go to australia, there you only get about 4.5%. but these are countries that have pretty good central banks. they've done credible jobs. i don't think the em moniker doesn't fit easily anymore. we're the ones getting downgraded. >> good point. let's talk sectors. where do you want to be exposed if in fact your scenario material
>> frankly, for me, i think the market has overreacted to the bernanke statement. i think basically he left the door open to go either way. he still has left the door open for quantitative easing. i don't think he wants to do it, because that means the economy is slowing. but within total return bond strategy, we think we can do better going overseas and buying bonds, say, in brazil. here you can get yields of 10%. i think that's a much more attractive option than worrying about what ben...
111
111
Mar 15, 2012
03/12
by
CSPAN2
tv
eye 111
favorite 0
quote 0
when i saw that bernanke is that he wrote, bernanke as a villain, it reminded me even today somebody in the street comes up to me and says he know you are that sob that's presented my four -- poor mother and father from buying a house in the early 19 80s because interest rates were 15% and then i go on a block or two and someone says oakley you are paul volcker. thank you. my father bought securities act 15% that put me through college. thank you very much. >> let me provoke you for a moment and ask you up at your view about what happened during the financial crisis and the creation of financial instruments, derivatives which you have said it created a lot of confusion and opaqueness and distance essentially between regulators and those playing in the markets. some might say mr. volcker, you are well-meaning but you don't understand the new math and bad just like steel getting totter and stronger, that you have a generation of people that decide what happen with the financial crisis nonetheless there is strength in the kind of leveraging that is out there and there has been an overre
when i saw that bernanke is that he wrote, bernanke as a villain, it reminded me even today somebody in the street comes up to me and says he know you are that sob that's presented my four -- poor mother and father from buying a house in the early 19 80s because interest rates were 15% and then i go on a block or two and someone says oakley you are paul volcker. thank you. my father bought securities act 15% that put me through college. thank you very much. >> let me provoke you for a...
85
85
Mar 1, 2012
03/12
by
CSPAN3
tv
eye 85
favorite 0
quote 0
bernanke, do you do your own shopping at the grocery store why did congressman paul ask that? >> he pointing out the price of food has been increasing in recent years. and when the fed talks about the amount of inflation they want to see that they want prices and wages to increase no more than 2% per year. food is increasing more than that, and the fed does not include food prices in the calculation of inflation, because the food prices fluctuate up and down. same reason they don't include gas price in that measure. and for ordinary americans buying food or gas and living their lives, inflation can feel much more significant than the numbers show. challenging mr. bernanke saying that isn't inflation actually more of a problem than the fed is acknowledging. >> another benjamin applebaum tweet. bringing an ounce of silver to the hearing. what was that about? >> well, senator paul has a long history of arguing dr. paul, and that is that american currency should be exchanged for precious metals which it was for a long time and it was the called the gold standard which we went off
bernanke, do you do your own shopping at the grocery store why did congressman paul ask that? >> he pointing out the price of food has been increasing in recent years. and when the fed talks about the amount of inflation they want to see that they want prices and wages to increase no more than 2% per year. food is increasing more than that, and the fed does not include food prices in the calculation of inflation, because the food prices fluctuate up and down. same reason they don't...
196
196
Mar 2, 2012
03/12
by
CNBC
tv
eye 196
favorite 0
quote 0
it was interesting on wednesday that ben bernanke's comments were received the way they were. and it's also interesting -- >> negatively? >> exactly. the mere mention of oil prices, even though he mentioned them in the context of saying he didn't think they would be that much of a problem that the inflation effects would be transitory, still created a buzz of concern. similarly it was interesting that the rower off color economic data from the u.s. yesterday were almost positively received because that, again, gave us more hope of qe3. >> are we addicted to sort of liquidity injections? and if you don't think you're going to get one, we get nervous. >> i think -- i mean, the liquidity support by the central banks was needed given the risk involved. however, this does buy you time to do the proper reforms both on the fiscal side and on the structure side. and it's not really a free lunch. when you go back to crisis episodes, you always see fund ing is a key reason for that. you need to use the time properly to do the reforms to atres the causes that led to this in the first pla
it was interesting on wednesday that ben bernanke's comments were received the way they were. and it's also interesting -- >> negatively? >> exactly. the mere mention of oil prices, even though he mentioned them in the context of saying he didn't think they would be that much of a problem that the inflation effects would be transitory, still created a buzz of concern. similarly it was interesting that the rower off color economic data from the u.s. yesterday were almost positively...
156
156
Mar 1, 2012
03/12
by
CSPAN3
tv
eye 156
favorite 0
quote 0
committee including daniel akaka. >> chairman bernanke, this is a question which is a followup on your discussion with chairman johnson and senator grapple. in your testimony you note there's been some modestly encouraging data recently including slightly better performance in the labor market, improved consumer sentiment and some increases in manufacturing. but these signs of economic recovery are not necessarily reflected yet in the experiences of our workers and their families in the communities. putting aside the crash in the eurozone, what possible set backs concern you the most with respect to in our economic recovery, for instance could action to cut critical investments too quickly send the economy back into a slow down? talked about in my remarks was there still is a little bit of a contradictions between the improvement in the labor market and the speed of the overall recovery in terms of growth, in particular, i mentioned that will income had been flat for consumers in 2011. the revises data from yesterday said it was a little bit better than flat but still less than 1%. so
committee including daniel akaka. >> chairman bernanke, this is a question which is a followup on your discussion with chairman johnson and senator grapple. in your testimony you note there's been some modestly encouraging data recently including slightly better performance in the labor market, improved consumer sentiment and some increases in manufacturing. but these signs of economic recovery are not necessarily reflected yet in the experiences of our workers and their families in the...
164
164
Mar 1, 2012
03/12
by
CNBC
tv
eye 164
favorite 0
quote 0
ben bernanke knows that. they all know it. they think the world's a bunch of saps! >> guys let me interrupt for a minute. we have news from walmart, i want to get this out, it's a blue chip and moving the stock. look at shares of walmart and where they are indicated this morning, company now saying that's going to be increasing its dividend and that may not be a surprise, the company increases its dividend every year since march of 1974 but raising it by 9%, paying an annual dividend of 159 a share versus the 146 it was paying. comments from mike duke says they're doing this because they actually see their core walmart u.s. business back on track, and because their financial position allows them to increase that payout to shareholders. for the record they played out $11.3 billion to shareholders during fiscal 2012. but that speaks to the company's strength. 9% say pretty big deal. >> it's a 9.5% yield, sorry, not a 9.5% -- it's a 2.5% yielder, add 9% on to 2.5% and 10% of 250, and 2.75%. >> part of the larger story so many people that we've had, investors who we had
ben bernanke knows that. they all know it. they think the world's a bunch of saps! >> guys let me interrupt for a minute. we have news from walmart, i want to get this out, it's a blue chip and moving the stock. look at shares of walmart and where they are indicated this morning, company now saying that's going to be increasing its dividend and that may not be a surprise, the company increases its dividend every year since march of 1974 but raising it by 9%, paying an annual dividend of...
573
573
Mar 27, 2012
03/12
by
CNBC
tv
eye 573
favorite 0
quote 0
you heard what steve just reported on ben bernanke. worried about oil prices actually taking a hit on growth. how worried are you? >> you always have to watch oil. i mean i think it's important to remember that both in 2010 and 2011 we started the year out very strong only to see it fall back. and i'm talking about the economy and the markets. one of the major reasons in both cases with the spike in oil prices. there's very little spare capacity. in fact, one of our recommendations is oil-related stocks as a good way to hedge yourself here. >> david, have you changed any of your, you know, in vestments, allocated capital differently as a result of what's been going on with oil? are you surprised to hear bernanke talk about the possibility of a hit on growth as rault of gas and oil? >> no. quite frankly, no. it's -- oil is one of the two or three hardest variables to predict. longer term, i think, the price move is probably a little lower. you mentioned the highest in the index, maria, they're up 40% from their october 3rd lows, however
you heard what steve just reported on ben bernanke. worried about oil prices actually taking a hit on growth. how worried are you? >> you always have to watch oil. i mean i think it's important to remember that both in 2010 and 2011 we started the year out very strong only to see it fall back. and i'm talking about the economy and the markets. one of the major reasons in both cases with the spike in oil prices. there's very little spare capacity. in fact, one of our recommendations is...
132
132
Mar 27, 2012
03/12
by
CNBC
tv
eye 132
favorite 0
quote 0
bernanke, breaking news. fed had worries that higher gas prices could lead to higher in nation and slower growth. we'll talk to former federal reserve governor larry meyers about that. and the importance of king dollar. plus jimmy cramer says if obama care goes down, earnings for every company will go up. that's right. every company. whoa! does jimmy have that right? we'll hear from jimmy cramer right after the break. and don't forget, free market capitalism, not government mandates is the best path to prosperity. i'm larry kudlow. we'll be right back. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. i was worried it would be hard to install. but it's really easy. the better i drive, the more i save. i wish our company had something this cool. yeah. you're not... filming this, are you? aw! camera shy. snapshot from progressive. plug into the savings you deserve wi
bernanke, breaking news. fed had worries that higher gas prices could lead to higher in nation and slower growth. we'll talk to former federal reserve governor larry meyers about that. and the importance of king dollar. plus jimmy cramer says if obama care goes down, earnings for every company will go up. that's right. every company. whoa! does jimmy have that right? we'll hear from jimmy cramer right after the break. and don't forget, free market capitalism, not government mandates is the best...